{"type":"rich","version":"1.0","title":"Laeserin wrote","author_name":"Laeserin (npub1m4…jc2jl)","author_url":"https://yabu.me/npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl","provider_name":"njump","provider_url":"https://yabu.me","html":"**Bitcoin doesn't fix this** because buying Bitcoin merely pumps the bags of the tiny number of super-rich people who already own almost all of the Bitcoin and also already own almost all of the assets (that they can leverage to force you to give them your Bitcoin). Bitcoin was designed to protect against the money printers emitting more money, not against oligarchs buying up the entire globe. Before moving on to buying up the moon, Mars, the asteroids...\n\nFor years, I have been asking for an economic argument to counter this, but I have not yet heard one. Just a lot of personal insults and hysterics and awkward silence. Or economically-daft mentions of the two American Gold Ages, which were a massive windfall to the local population caused by conquering half a continent (First, North America, then Western Europe. I suppose bombing the Middle East is supposed to be the next source of windfall profits for US citizens. 😏) And where are those Pioneer Progeny, now? Working for low wages, paying rent or mortgage, and preparing for the next round of layoffs, probably.\n\nYou know what the super-rich are currently doing with their assets, including Bitcoin? They are leveraging them to AI-everything and fire all of the workers. They then expect the bankrupt governments to borrow money _from them_ (Nobody else has any money!), to give the workers UBI. And then _pay them interest on that borrowed money_, that the governments have to press out of the workers and small businesses in income taxes, sales taxes, and taxes on owner-occupied homes. Devouring their UBI pittance by padding consumption prices. But that is the retarded system we already have, just even bigger. And it only applies to their own residents, while crushing the rest of the world.\n\nNo, **you have to stop them from buying more assets and raise the number of people who own assets, not borrow more money from them**.\n\nhttps://youtube.com/shorts/uMe_j2rr850"}